We increasingly see large companies creating an innovation lab or center as a way to cultivate and test new ideas, separate from the demands and pressures of the business units. When set up with clear goals, innovation labs can help to keep the business looking ahead, exploring new tech, defending markets, building skills among employees, and sustaining a company’s competitive advantage.
A good starting place in this section is our research report, “Innovation Labs: Getting Started. Measuring Them. Delivering Results.”